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05-11 Resolution No. 11850 RESOLUTION NO. COMMITMENTBYTHE CITY OF RICHFIELD TO PAY FOR ITS LOCAL SHARE OF THE 77THSTREET UNDERPASS PROJECT FROM THE CAPITAL IMPROVEMENTS RESERVE FUND WHEREAS,ConsistentwithCityCouncildirection,theCapitalImprovementPlan (CIP), and the City's Comprehensive Plan, staff is working towards the construction of the 77th Street Underpass Improvements Project; and WHEREAS,the77thStreetunderpasswillconnect77thStreeteastandwestof TrunkHighway(TH)77(CedarAvenue)toeliminateagapinthe minorrelievernetwork; and WHEREAS,theprojectwillconnectBloomingtonandLongfellowAvenuesand addressregionaltrafficissuesontheI-494corridorthroughRichfieldandBloomington. Constructionwillcommenceinsummer2021beongoing2022,withfinalcompletionin early 2023; and WHEREAS, with full project funding identified, Staff has been working with MnDOT Metro State Aidstaff andMinnesotaManagement and Budget(MMB)to demonstrate full funding and move forward with plans to let and build the project in late May 2021; and WHEREAS,inorderforMMBstafftosignoffonthefinalfundingpackage,a resolution from the City explicitly committing to Richfield's share of the project costs must be approved by the City Council. NOW, THEREFORE, BE IT RESOLVED bytheCityCounciloftheCityof Richfield, Minnesota, that it is committing tofundingitsshare of theproject (estimated to be$976,767.00) and has ample funds in the Capital Improvement Reservefundfor this purpose. Adopted by the City Council of the City of Richfield, Minnesota, this 11th day of May, 2021. Maria Regan Gonzalez, Mayor ATTEST: Elizabeth VanHoose , City Clerk